Q: Dear 5i
PRL has been steadily going down over the last 6 months . I am beginning to lose patience with this one. Is it a hold , sell or a buy more situation ?
Thanks
Bill C
PRL has been steadily going down over the last 6 months . I am beginning to lose patience with this one. Is it a hold , sell or a buy more situation ?
Thanks
Bill C
5i Research Answer:
PRL is down 15% YTD, but valuation is very attractive at 10X earnings with a 2.5% dividend. It has grown nicely, raised its dividend numerous times, and more growth is forecast. The short attack on GSY likely has caused some investor angst here. We would consider it a BUY, with consideration to its small cap and sector risk.